Play at Online Casinos – About Online Casino Bonuses

Posted on September 15, 2017 in Uncategorized

Online casino bonuses are a way for customers to play online casino games with the casinos money. These online casino bonuses range from $100 to $200 matching bonus. Here’s a quick overview of how it works.

1. When you deposit $100, the casino will give you a matching bonus which is an additional $100. So now, you have altogether $200 to start with.

2. The bonus is locked down until your original $100 is spent. Say for example, you wagered $100 and lost that, you can now go into the bonus fund and use the casinos $100 to play. This is in fairness to the online casinos to prevent folks that deposit funds and open multiple player accounts in order to play with only free cash. The online casino cash is to allow a player to use the casino money to play after their original deposit is used.

You can only withdraw your winnings AFTER requirements are met. So be sure to check what the minimum wagering requirements are.

3. Monthly casino cash rebates

This type of bonus is a customer loyalty bonus. Even if you lose money, every month, you will get $10 to $300 to play. And this is on the house. You can use this cash to play any game that you like. You can use this monthly bonus cash to win money, and you can withdraw the winnings.

4. Example of how online casino bonuses work and what you as a player can do to benefit.

In order to cash out your winnings, you need to chalk up points by wagering on certain games, ie slot machines. It is possible to win up to $2,000 with $100 personal cash and $100 casino cash playing roulette and using certain strategies. I have done this.

However, if you do that, then you will need to wager around $1000 on slot machines before you can meet the casino requirements to make a withdrawal. So say you won $2000 playing online roulette, you now have a buffer of around $1,000 so that even if you lost $1000 on slot machines, you have made $1000 profit. Of course, slot machine winnings will also add to your profits, so you might make more then $1000.

Which brings to mind, if you deposited $200 to start with and made $2000, then you don’t need to wager on slot machines and meet the casinos bonus requirements.

2. Who is it good for?

In my view, online casinos bonuses are especially suited for slot players because they will meet the requirements very quickly. Its like having an extra $200 to play free on the house.

Online casinos offer a fun experience for anyone to have a good time. Because its a capitalist game, you’ll want to have a big bank roll to start, especially if you plan on using strategies to play the casino games.

Understanding How Online Casino Tax Works

Posted on September 13, 2017 in Uncategorized

One common question comes from online casino players is that whether they are going to pay their taxes or not in playing casino games. “What if we lose?”, “How the taxes deducted from our winnings?”, “Do they always deduct taxes every time we play online casino games?” These are the common confusion many gamblers are dealing with.

So, to start it depends on the gambling law that a particular country has specifically in managing an taxes from online casinos. But not all winnings are automatically taxed by the government. But it is always a player’s responsibility to understand everything about laws that are related to gambling so that they will be aware of how their country deduct money from their winnings. Here are the common processes that occur when getting a tax from online casinos and players (this is very important specially if you are a player from the United States).

Winning Taxes:

In many countries around the globe, especially the USA, it is mandatory for a player to submit or share something from her/his winnings. Sometimes, it reaches to the highest rate which is 50%, the lowest is 30%. How do they know if you win? You are obliged to declare your money or else you will be questioned if they track your money in their audit. Every player is required to declare their money if they win from playing online casino games to the IRS (Internal Revenue Services) whether it is offset by loses or not.

Though the fact still remains that online casinos specifically from U.S. do not declare the amount of your winnings, and of course the federal law do not know if you win or lose, you still have the obligation to follow the law and declare it in your own because at the end, you will still end up explaining to the IRS where your money comes from because they will track your money through their audit.

If you are a big time or the what they call “high roller” player and choose to declare and pay your online casino tax, it will be reported as other income on U.S. tax returns. The process goes by submitting only the net of your winnings. Meaning, if you play blackjack and win $3000 from a $300 bet, that means you have to declare all $2,700.

The only exemption is that you are only required to declare and pay online casino tax if and only if you win big. It considers big if you win 600$ above, and that’s the only time that you are going to declare how much money you have won from playing casino games in the internet.

Tax when a player lose:

About tax when you lose, they indicate it as itemized deductions and will be deducted to your winnings. So it would be much better if you will take care of your taxes and keep them on track. Listed under “other miscellaneous deductions”, you are able to deduct up to the amount you have declared in your total winnings. Please be reminded that you are not allowed or you can’t show a gambling tax loss. For example, if you have declared $5,000 in your winnings, you can also declare $5,000 in your itemized deductions under losses. Just make it sure that you will not exceed to the amount that you have recently declared.

It is imperative that you must prove your winnings and losses. That’s why keeping every receipt, tickets, etc. you receive from playing online casino games is a good option because the IRS strongly suggests that every online gambler must keep everything that will prove if they win or lose. All details must be included such as, the type of bet, how much you win or lose, name of the casino site, the I.P address of that casino, etc. Keeping a detailed book of your payment methods like eWallet, credit cards, debit cards etc. is very essential in paying your online casino tax.

So to conclude, keeping records in playing online casino games and making sure that they are well-organized will keep you away from being questioned by the IRS and also to avoid them sending you to jail for not paying taxes. And of course, you will be able to pay your online casino taxes hassle-free.

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4 Tips to Choose an Online Casino That is Right For You

Posted on September 11, 2017 in Uncategorized

There are countless online casinos that you can choose to play your favorite games. Each casino offers different games and benefits with attractive bonuses and on-going promotions to lure you into their business. It is understandable one should be cautious before sign up any online casino and deposit your hard-earned money into the player’s account at the casino. But, how do you know if an online casino is right for you? What are the things to consider in deciding a casino to sign up with? If you are confused which one to go for, below are the 4 tips that will definitely give you some hints.

1. Check the legitimate of the online casino

There are far more rogue casinos (casinos that cheat money) on the internet then the legitimate online casinos. If you accidentally sign-up and deposit your money into a rogue casino, most probably you will never have a chance with withdraw your money out from the casino. Even you have won and met the casino withdrawal requirements, the rogue casinos will have tons of reasons that stop you from getting your money into your pocket. Therefore, it is important to choose a legitimate and highly reputable online casino to play at. These online casinos normally have been verified by an independent regulator such as eCOGRA (e-Commerce Online Gaming Regulation & Assurance) along with audited payout certifications as a safe play online casino.

2. Is the customer support service excellent?

A legitimate online casino does not guarantee for a good customer service. Some casinos give very poor support to their players. They never response or take a few days just to response to your email enquiry; they may have live-chat, but let you waiting for a long time before reply to your chat message. You will definitely get frustrate with the delay response from these casinos if you have issues or problems that need immediate attention from the support team. Therefore, you should always test the customer support service by sending email, chatting and even phone call to see how good their service is before you sign up an account with them.

3. Check whether the online casinos support your preferred banking option

A good online casino won’t be the best casino for you if it does not offer the banking options that are easy and convenient to make deposits and withdrawals. You can’t play the casino games with real money if you find no way to deposit the money into your player’s account. Even if there is option for you to deposit your money to play the game, you may have difficulties to withdraw the money out from the player’s account if the casino does not support a withdrawal option that suits you. Therefore, you should take the banking options into your consideration when choosing an online casino that meets your preferred needs.

4. Do you want to play with live dealer?

Most online casinos are operated by software and use a random number generator to roll the games. But, some gamblers may prefer the experience with real live casino games taking place in real-time with real dealers. A few famous online casinos have integrated live dealer games into their online casinos to provide the excitements for players who preferred to play with real dealer instead playing with software. If you are one of these players, then you should only consider online casinos with integrated live dealer games.

Summary

There are countless online casinos on the internet. If you have a hard time to choose one to play at, use the above tips as your guide in selecting an online casino that meets your needs.

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